Convergence Partners

Convergence Partners

A private equity firm and venture debt in South Africa that focuses on the telecommunications, media and technology sectors.

Convergence Partners is a private equity firm and venture debt in South Africa that focuses on the telecommunications, media and technology sectors. Founded 2006 in Johannesburg, NA - South Africa, South Africa by Andile Ngcaba, Brandon Doyle, Eric Di Benedetto, Idan Segal, Russ Irwin, and Stefan Ferreira, it invests in early stage ventures, late stage ventures, private equity, series A, series C, and debt financing. Its portfolio companies include Snapt, ESET, CSquared, Dimension Data, and Comsol Networks. As of March 2020, Convergence Partners has made 36 investments. Their most recent investment was on December 6, 2018, when Snapt raised $3M. Convergence Partners has had six exits, the most notable of which include Dimension Data, Penguin Computing, and Tropian. The company has raised three funds, their latest being Convergence Partners Communications Infrastructure Fund (Final Close). This fund was announced on July 28, 2015 and raised a total of $200M.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Clickability

Clickability is a San Francisco-based company founded in 1999.

Snapt Inc is an Atlanta-based company founded by Dave Blakey.

Penguin Computing is a Fremont, California-based company.

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People

Name
Role
LinkedIn

Alexander Hyndman

Employee

Brandon Doyle

Founder

Eric Di Benedetto

Founder

Erin Kirk

Employee

Ik Kanu

Employee

Wayne Steiger

Investor

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

ESET

Snapt

References

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